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Hat tip to an unhappy investor. Click the picture for a pdf of the entire signed 3 page agreement and click below the fold for a hint as to our next international destination as Slabbed follows the girls and the money. Meantime let’s all ponder if Abel and the girls pulled a Bugsy Siegel. By my math 40 is the maximum number of 2.5% investors a company can have without being more than 100% owned.

I think by now even our most casual readers know our successor website, slabbed.org was knocked offline courtesy of the Times Picayune’s corporate parent Advance Publications and this started a chain of events that resulted in Slabbed temporarily being moved back to WordPress. I’d submit this was a miscalculation of gargantuan proportions for several reasons, which will become clear as I roll out this series of posts on Aaron Broussard’s connections to Trout Point Lodge and its purported owners, Charles Leary, Danny Abel and Vaughn Perret. I say purported because others were sold 2% ownership interests in the Trout Point development as touted by Broussard and those folks are the bagholders in this deal. IMHO to properly tell this story we need to start at the end and work back so it is with this second retraction of the Times Picayune’s reporting on Trout Point Lodge where we begin:

In January 2010, The Times-Picayune published several articles that mentioned Trout Point Lodge and its business dealings while discussing Jefferson Parish politics and the scandal in the administration of former Parish President Aaron Broussard. The newspaper retracts publication implying that Trout Point Lodge was involved in the scandal.

The newspaper believes there is no basis for making any implication that Trout Point Lodge, Limited or its owners, Daniel Abel, Vaughn Perret, or Charles Leary, were involved in any wrongdoing and, indeed, never intended to make any such implication. The Metropolitan Crime Commission complaint to the Louisiana Ethics Board about Broussard’s vacation property in Nova Scotia in fact did not name or implicate any of them. The Times-Picayune apologizes for errors in its reporting regarding Trout Point Lodge and its owners.